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<p>[QUOTE=&quot;fatima, post: 1359187, member: 22143&quot;]I agree with Cloud about technical analysis. (which ought to give you pause since it doesn&#039;t happen often, Yakpoo got it right too)&nbsp; &nbsp; In any real science or engineering discipline, technical analysis involves writing a detailed technical specification &amp; test plan with successful exit criteria that is then peer reviewed and accepted <u>before</u> any data is examined.&nbsp;&nbsp; Then and only then, is the data gathered, via the test plan,&nbsp; and judged against the technical specification.&nbsp;&nbsp; The results and conclusions are then submitted for peer review and if accepted, a proper technical analysis has been performed.&nbsp; </p><p><br /></p><p>Economics &quot;analysists&quot; never do this.&nbsp;&nbsp; They turn this on it&#039;s head and examine events that have already occurred and attempt to postulate an analysis of the future based solely on some momentum shown of the current data.&nbsp; There is no way to determine if they will be right or wrong because there is no predetermined technical specification to judge against.&nbsp; &nbsp;&nbsp; Charts, mathematical series, etc, is the same as trying to predict where a person is going to stop inside a shopping mall based solely on where they have walked so far.&nbsp; So invariably they end up being horribly wrong most of the time.&nbsp; Where were the warnings in &#039;05, &#039;06, &#039;07, etc about the housing market?[/QUOTE]</p><p><br /></p>

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